Portland’s crane skyline

​​With 32 cranes dotting the skyline,
Portland has the 6th most cranes in North America. With 88 cranes, Toronto tops
the list followed by Seattle with 45 cranes.

On a
per capita basis, Portland has 75,780 residents
per crane; the third
most in Rider Levett Bucknall’s Crane
Index after
Toronto and Calgary and the most in the United States.

The
majority of Portland’s cranes are above new multifamily developments, a sector
that has delivered
over 12,000 units to the metro in the past 3 years. There are currently 7,713 units under construction. However the current
pipeline consists largely of projects submitted before the city’s new
Inclusionary Housing policy went into effect on February 1 2017.

Roughly
19,000 new multifamily units were in the pipeline ahead of Inclusionary
Housing’s start date, that represents 4 years’ worth of development activity.
And while new supply should remain solid for the next few years, there is a
risk that by 2020 demand will once again surpass supply.​